Russia strikes power facilities across Ukraine, causing widespread blackouts; US president to travel to Poland later this month to rally allies
International Monetary Fund staff will meet with Ukrainian officials in Warsaw next week, a source familiar with the plans has said, as Ukraine presses for a multibillion-dollar borrowing program to cover its funding needs amid the war with Russia.
Reuters reports that global ratings agency Moody’s on Friday downgraded Ukraine’s sovereign rating to Ca as it expects the war with Russia to create long-lasting challenges for the country. Moody’s website said the rating meant debt obligations were “likely in, or very near, default”.
